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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (58221)	7/22/2000 12:28:32 PM
From: xcr600	Read Replies (2) \| Respond to of 122087

Shorting "over-valued" momentum stocks with small floats can be bad for one's health. There are much better shorts than this.

To: UnBelievable who wrote (58221)	7/22/2000 12:40:22 PM
From: StockDung	Read Replies (1) \| Respond to of 122087

Finders Keepers, Based in CEO's Condo, Gets Boost New York, July 21 (Bloomberg) -- Shares of Finders Keepers Inc., which searches for abandoned bank accounts and other lost assets from an office in its chief executive's Brooklyn condominium, have been among the top U.S. performers this week. It advanced from 26 cents on Monday to 1 5/8 at today's close, boosting the market value of its 11.55 million shares to $18.77 million. It traded as high as 2 5/8 on Wednesday. Chief Executive Devorah Zirkind referred questions about the rapid advance of Finders Keepers stock to Alan Zazoff, an outside investor relations consultant. ``It's rumor-driven,'' said Zazoff, 53, a former stockbroker. He said there was speculation on Internet chat sites that the company may soon announce a 10-for-1 stock split. Yesterday, the company announced that its board of directors will meet over the next 10 days to consider authorizing a stock split. Zirkind is the company's only director. Zazoff said his responsibilities include posting company news updates on Raging Bull's Web site under the moniker Zazoff_Assoc. ``My job is to create awareness,'' he said. For a six month contract beginning last month, Finders Keepers paid him $18,000 cash, as well as 40,000 shares and 500,000 five-year warrants to buy the stock at 50 cents a share. At today's closing price of 1 5/8, the package was worth more than $600,000. Charging for Web Site Finders Keepers operates www.moneychest.com, a Web Site that charges consumers $9.95 to search for missing assets. The charge is credited toward the company's 5 percent to 15 percent share of any money recovered. ``We have a lot of happy customers,'' said Neal Fox, the CEO's husband and the company's only other employee. He said Finders Keepers has signed about 20,000 contracts to do searches. Revenue has been elusive so far because it takes some states more than a year to process claims, Fox said. The company, whose shares are traded on the OTC-Bulletin Board, has racked up losses of $87,304 since it was founded in May, 1999. CEO Zirkind, 28, started Finders Keepers after a stint in the sales and collections department of a New York City cosmetics firm. She paid $8,510 for her 10-million-share 87 percent stake in the company, according to the company's annual report for 1999. That stake is now worth about $16.3 million. IPO Finders Keepers' September IPO raised $63,630. It sold 1.3 million shares to 32 investors in New York and Nevada at 5 cents each, adjusted for a 2-for-1 stock split on April 14. The buyers weren't long-term investors, said Fox. ``Most of them are long gone,'' he said. Finders Keepers has competitors. One is National Unclaimed Property Database, owned by Knowledge in Motion Inc. of Coral Gables, Florida. NUP offers free searches on its site, and doesn't demand a cut of the user's found property. Its Web site, www.nupd.com, is supported by advertising. Kim Usiak, who started Knowledge in Motion in 1993, said he expects to sell shares to the public in 2001. Additional competitors include, www.webinfosearch.com, which offers free searches, and www.fundsrecovery.com, which charges $39 for a search but takes no share of any findings. Jul/21/2000 17:07 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.

To: UnBelievable who wrote (58221)	7/22/2000 1:56:12 PM
From: 2MAR$	Read Replies (1) \| Respond to of 122087

amazing processon of "news" for the sector , momentum, and upped targets and ugrades....one would rather have been aiming at some reporting in the semi sector, which has been fluctuating and selling off on eve of each book to bill report, cautions and downgrades... *the time to short digl has been hazardous at best, esp in a week of jdsu to S&P , and a week of so many FO stocks reporting, including jdsu, NT etc...whose success digl mirrors. for maybe 2 out of 30 days was/has been better regarded as one who's glass was "half-full" rather than empty.... ... and buying the dips for it has yielded well over 100 pts over the last month.... to be short was usually a frustrating experience to say the least As the MM's have moved it up and on pure vapor ....but so far for so long has been a deadly one to short.